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of perspective. you've seen speakers calling for 600 billion in healthcare savings over the next ten years. the president said a lower number f. -- lower number. if we take the president's reported to be his most recent number of 400 billion in savings in healthcare over the next ten years. what are we going to be spend on healthcare over the next ten years? over $11 trillion. so at the president's number the spending would represent 3.6% of what we're projected to spend in healthcare over the next decade. we can't save 3.6%? really? you know we're in a situation where 5% of medicare beneficiaries use half of the money. 5% of the beneficiaries use half of the money. certainly we can save 3.6% by doing a better job of coordinating the care of people who are using most of the resources. we've done enough studies i think to conclude we could deliver better healthcare and save money by better coordinating the care of those who are using most of the money. you look at the overall circumstance in this country in terms of what we're spending on healthcare. for 2010, which is the most recent year
. there are the markets for health-care -- they are the markets for health care, and the market for health itself. the health-care market is what you think of as drugs, pharma, hospitals, doctors. in the u.s. we have in quotes, health reform. things are turning toward people -- keeping people healthy rather than treating them when they're sick. the drug companies are going to continue to win because they cannot charge enough money for drugs. the insurance companies are going to whine because they have to treat people that are sick as opposed to just a healthy ones they. it will figure out how to align their incentives without -- the government is not tgoing to pay [inaudible] to change their processes to improve that kind of thing. that will continue over. -- overall, it is pretty good but do not expect any changes. the market for bad health, companies are beginning to understand the need to permit out healthy food. they're going to put new additives in the same old bad food. now you have fruit bars with yogurt, or candy with fiber. watch out for more of that. it is hard because there is the huge
and reform entitlements looking at the health-care programs and retirement programs, which are under real stress. any plan has to look at all parts of the budget. the fiscal cliff is an across- the-board whack and that would put us back into recession. we can protect people that depend on these programs and so that we do raise significant revenues. we believe any plan has to be a bipartisan. it is about the country. it's interesting is how many people have stepped forward and saying to congress, stop making the situation worse. if you make the hard choices, the campaign to fix the debt will be there. a group of people are saying we support you in making hard choices. so far, we do not see that fix in place. there is real risk to the economy if we wait too long. host: you spend some time on wall street. the market was down on friday. could it happened this week? guest: anything could happen this week. the markets don't know what to make about what is going on on capitol hill. we do not know what kind of deal is going to come out of this. it seems impossible the deal will be big enough to h
Search Results 0 to 2 of about 3